Jacqueline P. Canney - 07 Aug 2024 Form 4 Insider Report for ServiceNow, Inc. (NOW)

Role
Chief People Officer
Signature
/s/ Jacqueline P. Canney by Russell S. Elmer, Attorney-in-Fact
Issuer symbol
NOW
Transactions as of
07 Aug 2024
Net transactions value
-$122,294
Form type
4
Filing time
09 Aug 2024, 16:31:51 UTC
Previous filing
17 Jul 2024
Next filing
14 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOW Common Stock Options Exercise $0 +156 +5.2% $0.000000 3,183 07 Aug 2024 Direct
transaction NOW Common Stock Tax liability $62,102 -80 -2.5% $776.28 3,103 07 Aug 2024 Direct F1
transaction NOW Common Stock Sale $60,192 -76 -2.4% $792.00 3,027 08 Aug 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOW Restricted Stock Units Options Exercise $0 -156 -3.5% $0.000000 4,365 07 Aug 2024 Common Stock 156 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.
F2 The transaction(s) reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2024.
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F4 3.33% of the shares subject to the restricted stock units will vest on each of May 7, 2024, and August 7, 2024, 3.34% of the shares subject to the restricted stock units will vest on November 7, 2024, and the remaining 90% of the shares subject to the restricted stock units will vest quarterly beginning on February 7, 2025, and subject to the reporting person's continued service to the Issuer on each vesting date.